Question
Which company received an in-principle Payment
Aggregator licence from RBI in August 2025?Solution
Paytm Payments Services Ltd. (PPSL), a wholly-owned subsidiary of One 97 Communications Ltd. (OCL), received in-principle approval from the RBI for a Payment Aggregator (PA) licence under the Payment and Settlement Systems Act, 2007. This authorisation, dated August 12, allows PPSL to facilitate online payments for merchants, acting as an intermediary for payment collection and settlement.
NCCP stands for
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